Most traders place their stop loss below Support and above Resistance (after all that’s what the textbooks and courses tell you to do).

But the problem with this is that’s where everyone else places their stop loss — which makes it easy for you to get stop hunted.

Instead, a better way is to set your stop loss a buffer away from Support and Resistance, away from the noise of the markets (or everyone else).

An example:

And this same concept applies to Trendline, moving average, and etc.

If you want to learn more, go watch this training video below that shows you how to set a proper stop loss (step by step)…

Trading with the trend gives you bigger profits

It baffles me whenever I see traders trading against the trend.

Why would you want to do that?

Perhaps it’s an ego thing, to call market tops and bottoms. But here’s the thing…

If you’re serious about making money in this business, it’s far easier to trade with the trend — not against it.

Let me explain…

A trending market typically has 2 types of move; a trending move and retracement move.

The trending move – this is the stronger “leg” as it moves in the direction of the trend (and sometimes with strong momentum). This means it’s easy to stay in this type of trade as the market usually moves in your favor quickly.

The retracement move – this is the weaker “leg” as it moves against the direction of the trend. You can trade this type of move, but it’s more stressful as the market could quickly reverse against you.

Now, look at this chart below…

Do you want to trade the trending move or retracement move?

The choice is yours.

This is one simple trick that improves your risk to reward on every trade…